Wednesday was another installation in the continued pattern of low volatility and modest gains.
ADVERTISEMENT
STOCKS CLIMB: Here's what you need to know
The Dow closed above 23,000 for the first time ever, but stock volatility is still historically low.
ADVERTISEMENT
The S&P 500 has closed higher for five days in a row but has only gained about 0.41% in that time.
The Dow is up 1.35% over that time, and closed above 23,000 for the first time ever on Wednesday. The Nasdaq is the only index to not close higher on each of the past five days but still has posted a modest overall gain of 0.49%.
Traders are betting the modest gains will continue, as short interest in the S&P 500 is at a three-year low.
ADVERTISEMENT
Here's the scoreboard:
- Nasdaq:
- 2.29
Other headlines
ADVERTISEMENT
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
How crises from blackouts to pandemic drained $46 billion from South Africa
5 major African economies and their quality of life score
Indian billionaire Narendra Raval pushes to establish his business in Kenya
10 African countries with the smallest merchant marine fleet
Beyond the reels: How augmented reality could revolutionize online slots
Effective real estate arbitrage strategies for wealth building
Amazon online shopping comes to South Africa
Nigerian officials accused of seeking $150 million bribe from Binance to dissolve case